Casey’s General Stores (CASY) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Casey’s General Stores (NASDAQ: CASY) recently:

• 12/13/2024 – Casey’s General Stores had its price target raised by analysts at Evercore ISI from $460.00 to $470.00. They now have an “outperform” rating on the stock.
• 12/13/2024 – Casey’s General Stores was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 12/10/2024 – Casey’s General Stores had its price target raised by analysts at Royal Bank of Canada from $403.00 to $428.00. They now have a “sector perform” rating on the stock.
• 12/5/2024 – Casey’s General Stores was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 11/6/2024 – Casey’s General Stores had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $451.00 to $454.00. They now have a “buy” rating on the stock.
• 11/4/2024 – Casey’s General Stores is now covered by analysts at Gordon Haskett. They set a “hold” rating and a $400.00 price target on the stock.
• 10/16/2024 – Casey’s General Stores had its price target raised by analysts at Evercore ISI from $435.00 to $440.00. They now have an “outperform” rating on the stock.

Casey’s General Stores Trading Down 0.1 %

Casey’s General Stores stock traded down $0.43 during trading on Friday, reaching $425.27. 187,688 shares of the company were exchanged, compared to its average volume of 266,349. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.44. Casey’s General Stores, Inc. has a 52-week low of $266.58 and a 52-week high of $439.68. The stock’s 50 day simple moving average is $403.94 and its two-hundred day simple moving average is $380.83. The company has a market capitalization of $15.79 billion, a P/E ratio of 29.64 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the firm posted $4.24 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts expect that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 267 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the acquisition, the director now owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 11.47 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Casey’s General Stores

Hedge funds and other institutional investors have recently made changes to their positions in the business. Soros Capital Management LLC lifted its holdings in shares of Casey’s General Stores by 1,825.6% in the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after purchasing an additional 26,197 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Casey’s General Stores by 9.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after buying an additional 1,332 shares during the last quarter. FMR LLC increased its position in Casey’s General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after acquiring an additional 38,226 shares during the period. OneDigital Investment Advisors LLC lifted its position in Casey’s General Stores by 111.7% during the third quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company’s stock worth $1,504,000 after purchasing an additional 2,113 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Casey’s General Stores by 5.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 48,872 shares of the company’s stock worth $18,362,000 after buying an additional 2,679 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.